Many financially-savvy drivers choose to shop used cars rather than new ones due to their budget-friendly value. If you buy them from a reputable seller and do your homework beforehand, you’ll make a smart investment to enjoy for years. Consider a few of the biggest benefits of buying used to determine if this is the right option for you.

3 Reasons to Buy Used Cars

1. Avoid Depreciation

A vehicle will depreciate at the highest rate during the first year of ownership. The moment it’s driven off the lot, it can lose more than 10% of its value and more than 20% within the first year. This means that slightly used cars are in similar condition and will last almost as long as a new car, but it’ll cost much less.

2. Lower Insurance Costs

Your auto insurance payment amount is calculated based on the value of the vehicle. New cars require the highest insurance rates due to their higher market value and the fact that they’re more expensive to repair after an accident. Since a used car has reduced value, you’ll enjoy savings with lower premiums for the life of the vehicle.

3. Stretch Your Dollar

There are several extra costs associated when buying new, including dealership fees, sales tax, and higher sticker prices. By purchasing a used car, you can avoid or reduce many of those fees. You may be able to afford a nicer version of a used car and invest in upgrades you might not have been able to afford with a new model.

When you’re ready to start shopping for a reliable and affordable used car, head to Hurley Dodge in Hardin, IL. They have an expansive selection of cars for sale from top brands like Dodge®, Jeep®, and Chrysler®, and their experienced team will walk you through their lot of cars, trucks, SUVs, and vans. Fill out a car finder form online to find the right vehicle for your lifestyle, budget and needs or call (618) 576-2225 to schedule an appointment.